Japan Nikkei 225: Downwards correction

The Japan market has been in a bear trend since October last year and is still in a down trend. Upward rallies have been stopped by the down trend resistance and currently, the Nikkei is near this resistance level. the Nikkei rallied upwards since mid of March in the short term and is now facing the resistance. Therefore, the Nikkei is expected to correct downwards. The down trend resistance level is at 13,400 points and the Nikkei should find support at 12,400 points. By Benny Lee